Fixed saving rates / bonds

Theknife

Hello,

I'm new to this forum so apolgies if this has been dealt with before.

The best fixed savings rates I can find seem to be around 4.5% per annum - that includes MSE.

The only alternative seems to be something like Hargreaves London who are offering 6% on a 2 year bond.

Can anyone help me understand how HL are able to do that?

TIA

eskbanker

https://forums.moneysavingexpert.com/discussion/6665885/fixed-saving-rates-bonds

"Hargreaves London" - are you looking at some sort of clone site?

HL usually refers to Hargreaves Lansdown, whose best 2 year fix is currently 4.43%…

https://www.hl.co.uk/savings/latest-savings-rates-and-products

Theknife

Sorry,

That's a typo - its is indeed Hargreaves Lansdown.

This is the email in response to my enquiry:

"I am delighted to provide you with the brochure containing detailed information on some of our market-leading investment opportunities. At Hargreaves Lansdown, we are committed to offering superior rates and innovative investment solutions tailored to your financial objectives.

As a trusted name in the investment sector, we pride ourselves on providing our clients with access to exclusive, high-yield products that are backed by rigorous market analysis and a robust investment strategy. We are confident that our offerings will meet your needs for both stability and growth.

Registration Number: 02122142

The following projects are available:

1 Year Fixed Bond – 6.45%
Enjoy the security of a fixed return over a 12-month period, with one of the highest rates in the market.

2 Year Fixed Bond – 6.02%
A two-year investment offering excellent returns, providing both security and the potential for stable, long-term growth.

1 Year ISA – 5.85%
Take advantage of tax-efficient savings with this 1-year ISA, designed to maximize your returns while safeguarding your capital.

2 Year ISA – 5.36%
A longer-term ISA investment that allows you to earn competitive interest rates while benefiting from the full advantages of tax-free growth.

We are proud to offer these attractive rates, which are carefully structured to outperform many other products in the market. As a leading investment firm, Hargreaves Lansdown brings you not only market-leading returns but also the confidence and support of a team dedicated to helping you achieve your financial goals.

Should you wish to proceed with an application, we would be delighted to guide you through the process. Simply reply to this email, and we will send you an online DocuSign link where you can complete your application form securely and efficiently."

Is this a scam?

Albermarle

How did you make the initial enquiry- was it by any chance a response to an advert on social media ?

Also all the blurb talks about investments, not savings & no mention of any FSCS protection.

eskbanker

Looks scammy to me, what's the actual email address it was sent from and how did you come to receive it? What enquiry did you make?

mon3ysav3r

This sounds very iffy, institutions should direct you to their website to apply, never enter personal information via a link from an email - especially if the email is unsolicited

Theknife

Thanks for the responses.

The email was as a result of social media post which I asked for further information on. The email came from register@hloffer.com

The attachment is quite convincing and does mention FSCS protection and gives a couple of product examples.

They also rang me from a Bristol number this morning - I couldn't talk but asked them to ring back after 3.00 today.

Based on your responses this does look like a scam so I'll be keeping my cash safe!

Thanks again.

Albermarle

https://forums.moneysavingexpert.com/discussion/comment/81979031#Comment_81979031

As said any genuine mail/offer from HL, would direct you to its website for opening any new accounts.

Plus as with any financial offer ' if it looks too good to be true, then it probably is'

Suggest you block the number on your phone.

Zippy29

I've just checked my account with Hargreaves Landsdowne and none of the rates quoted above are listed. Definitely sounds like a scam to me so keep your cash safe.

refluxer

https://forums.moneysavingexpert.com/discussion/comment/81979031#Comment_81979031

In addition to the above, it'll also be worth thinking about the personal details you've provided (phone, email etc) as that info will most likely be passed on or sold to other scammers and you could receive other, unsolicited scam offers as a result.

masonic

"The email was as a result of social media post which I asked for further information on"

That's the first red flag.

"The email came from register@hloffer.com"

That's the second red flag.

"As a trusted name in the investment sector" "As a leading investment firm", etc

Run for the hills!